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Search Results for: Cryptocurrency

Ethereum Gas Fees Skyrocket Due to Sandwich Bot Attacks

As the cryptocurrency market experiences a surge in interest in meme-based tokens like Pepe and Chad, a new threat has emerged for traders – sandwich bots. These bots, which front-run transactions and manipulate them for profit, are causing havoc on the Ethereum network and costing traders millions of dollars. An

April 19, 2023 2 mins read

SEC Chair Gary Gensler’s Crypto Regulatory Views Unchanged Despite Criticisms

Those who have been prevalent in the cryptocurrency realm for quite some time are quite familiar with the SEC and Gary Gensler. The commission and the SEC chair have long been criticized for their backward thinking. They were also quite famous for their actions to crack down on the cryptocurrency

April 19, 2023 2 mins read

Release of MetaOne ® 3.0 Allows Complete Crypto Circle With SWAP and OFF-RAMP

AAG, a firm specializing in Web3 infrastructure, has announced that in the next upgrade to the MetaOne® wallet application, two new features will be made available: asset swap and crypto off-ramp. Within the MetaOne® app, asset swap will make it simple for consumers to trade out one cryptocurrency for another.

April 19, 2023 1 min read

Intel Announces Discontinuing Bitcoin Mining Chips Launched Last Year

Intel’s announcement on Tuesday that it will stop producing its flagship brand of Bitcoin mining chips came as a surprise to the cryptocurrency community and the larger crypto-mining market. Furthermore, the firm has promised that final shipments would occur no later than April 20, 2024. Intel has announced that it

April 19, 2023 1 min read

Russia Drafting Legislation Allowing International Settlements in Crypto

The currency or method of payment used in international settlements is being reevaluated by a number of countries. On the one hand, several of them are working to lessen the role of the dollar in international trade. Moreover, several countries are beginning to legitimize cryptocurrency transactions. One nation making progress

April 19, 2023 1 min read

UK Soon to Implement Crypto Regulation Says City Minister

According to a British lawmaker, the UK could implement regulations governing digital assets within the next 12 months. The economic secretary to the U.K. Treasury, Andrew Griffith, stated in an interview with CNBC on April 17 that the long-term goal is to “let firms make the most of the opportunities

April 19, 2023 2 mins read

SEC’s Gensler Blames Crypto for Silicon Valley Bank’s Failure

The chairman of the Securities and Exchange Commission (SEC), Gary Gensler, was questioned by House Republicans on the SEC’s stance on digital assets at a recent hearing. Legislators raised issues with the SEC’s approach to FTX and the lack of clarity around whether ether is a security. Gensler, while describing

April 19, 2023 2 mins read

Ether Stumps Gary Gensler: US Representative Leaves SEC Chair Speechless

The cryptocurrency ecosystem has been going through its fair share of turmoil in the US. With the CFTC and SEC ramping up their scrutiny of the cryptocurrency industry, SEC chair Gary Gensler has been receiving quite the backlash for demotivating the cryptocurrency realm. In one of the recent testimonies by

April 18, 2023 1 min read

Coinbase CEO Hints Moving Offshore Amid Regulatory Uncertainty in U.S

There seems to be a huge legal fight on the horizon between Coinbase Global, the largest cryptocurrency exchange in the United States, and the U.S. Securities and Exchange Commission (SEC) over the definition of digital cryptocurrencies. However, Coinbase CEO Brian Armstrong has warned that the company may relocate offshore if

April 18, 2023 2 mins read